February 03, 1982 (vol. 92, iss. 102) • Page Image 7
…Bianks ri NEW YORK (AP) - This week's wide- spread increase in the prime lending rate was long overdue, according to in- dustry analysts, but they disagree on whether it would stall recovery from eeconomic recession.- The prime rate, the base upon which baiks calculate interest charges on short-term business loans to their best- risk custorners, was raised Monday to 16.5 percent by Citibank, the nation's second largest bank, and No. 12 Crocker...…